Worth reading
44Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
-13
Year-on-year change in operating profit (%)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 March 2025–28 February 2026ConsolidatedIFRSNet Sales8,421¥ millionYear on year +9.7%Progress 84.2%
Operating profit1,703¥ millionYear on year -13.0%Progress 180.0%
Ordinary income1,691¥ millionYear on year -11.4%Progress 180.7%
Net income attributable to owners of the parent1,246¥ millionYear on year -12.1%Progress 187.9%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥51.12
Operating Margin20.2%
Financial position at period-end
Total assets9,495¥ million
of which net assets 7,192 ¥ millionEquity ratio 75.7%vs. prior year-end +7.1pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Cash inflows and outflows
Operating+1,358
Investment-63
Financials-1,033
Net change+262
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥2,721 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥10,000 million (YoY +18.7%)
Operating profit¥946 million (YoY -44.5%)
Ordinary income¥936 million (YoY -44.6%)
Net income¥663 million (YoY -46.8%)
Annual Dividend Forecast¥21 per share → ¥21 per share（0.0%）
Payout ratioFiscal year ending February 2026 41.1 / Forecast for the fiscal year ending February 2027 77.2
Shareholder Return PolicyTotal payout ratio of at least 30% as a guideline; dividend payout ratio of 15% to 30% as a guideline
Factors Behind Changes in Business Performance
Revenue increased due to the increase in the number of consultants, while changes in the workforce composition affected the acquisition of engagements and overall utilization, resulting in lower profit.
Disclosure regarding the going concern assumption
No applicable matters (There are no applicable matters.)
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 Not disclosed
Changes in the scope of consolidationNew 0 / Excluded 0 / Company name None
Material subsequent eventsNouScale Co., Ltd. was established on 2 March 2026, and a capital increase of ¥100 million is scheduled for 20 April 2026. The ownership ratio will remain at 100% after the capital increase, making it a specified subsidiary. In addition, 445,400 treasury shares were acquired for ¥249.853 million, and further acquisitions are planned from 1 March 2026 onward.
Depreciation and amortization¥57,309 thousand
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes Yes / Subject person Institutional investors and analysts
Issued Shares at Period-End24,878,540 Shares
Treasury Shares at Period-End718,700 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | IFRS |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 March 2025–28 February 2026 |
| Net Sales | ¥8,421 million (YoY +9.7%) |
| Operating profit | ¥1,703 million (YoY -13.0%) |
| Ordinary income | ¥1,691 million (YoY -11.4%) |
| Profit attributable to owners of the parent | ¥1,246 million (YoY -12.1%) |
| Net income per share | ¥51.12 |
| Operating Margin | 20.2% |
| Equity ratio | End of the current fiscal period 75.7% / End of previous period 68.6% |
| Total assets | ¥9,495 million |
| Net assets | ¥7,192 million |
| Cash flows from operating activities | ¥1,358 million |
| Cash flows from investing activities | ¥-63 million |
| Cash flows from financing activities | ¥-1,033 million |
| Cash and cash equivalents at end of period | ¥2,721 million |
| Full-year earnings forecast | Net Sales ¥10,000 million (YoY +18.7%) / Operating profit ¥946 million (YoY -44.5%) / Ordinary income ¥936 million (YoY -44.6%) / Net income ¥663 million (YoY -46.8%) |
| Annual Dividend Forecast | ¥21 per share → ¥21 per share（0.0%） |
| Payout ratio | Fiscal year ending February 2026 41.1 / Forecast for the fiscal year ending February 2027 77.2 |
| Shareholder Return Policy | Total payout ratio of at least 30% as a guideline; dividend payout ratio of 15% to 30% as a guideline |
| Depreciation and amortization | ¥57,309 thousand |
| Disclosure regarding the going concern assumption | No applicable matters (There are no applicable matters.) |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement Not disclosed |
| Changes in the scope of consolidation | New 0 / Excluded 0 / Company name None |
| Material subsequent events | NouScale Co., Ltd. was established on 2 March 2026, and a capital increase of ¥100 million is scheduled for 20 April 2026. The ownership ratio will remain at 100% after the capital increase, making it a specified subsidiary. In addition, 445,400 treasury shares were acquired for ¥249.853 million, and further acquisitions are planned from 1 March 2026 onward. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes Yes / Subject person Institutional investors and analysts |
| Issued Shares at Period-End | 24,878,540 Shares |
| Treasury Shares at Period-End | 718,700 Shares |
| Factors Behind Changes in Business Performance | Revenue increased due to the increase in the number of consultants, while changes in the workforce composition affected the acquisition of engagements and overall utilization, resulting in lower profit. |
Items this document does not state (7)
Revision to Earnings ForecastSegment revenueSegment profitRegional salesOrders received and order backlogImpairment lossBreakdown of extraordinary income (loss)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Although the number of consultants increased, changes in the workforce composition affected the acquisition of engagements and overall utilization.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.